Exhibit 22-8

Refer to Exhibit 22-8. What is the total revenue of firm B at profit-maximizing (or loss-minimizing)level of output?

Name: Exhibit 22-8 Refer to Exhibit 22-8. What is the total revenue of firm B at profit-maximizing (or loss-minimizing)level of output?
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Question

Exhibit 22-8 ​

Refer to Exhibit 22-8. What is the total revenue of firm B at profit-maximizing (or loss-minimizing)level of output?

Quizplus · Accepted Answer

At the profit-maximizing level of output, firm B produces 35 units and sells them at a price of $30 per unit, resulting in total revenue of $1,050.

Exhibit 22-8 ​ Refer to Exhibit 22-8. What Is the Total Revenue of the Total

Exhibit 22-8 Refer to Exhibit 22-8. What Is the Total Revenue of the Total